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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

Sovereign Debt and Financial Crisis Conference

October 18 and 19, 2013
NBER, 1050 Massachusetts Avenue
Cambridge, MA

 

Sebnem Kalemli-Ozcan, Carmen Reinhart, and Kenneth Rogoff, Organizers

PROGRAM

 

October 18, 2013:

8:00 am

Shuttle buses depart from the Royal Sonesta

 

 

8:00 am

Coffee and pastries

 

 

8:30am

Welcome and Conference Background

 

 

9:00am

Galina Hale, Federal Reserve Bank of San Francisco

Maurice Obstfeld, University of California at Berkeley and NBER

 

The Euro and the Geography of International Debt Flows

 

 

 

Discussants:     Kristin Forbes, Massachusetts Institute of Technology and NBER

 

                        Matteo Maggiori, New York University and NBER

 

 

10:00 am

Break

10:30am

Oscar Jorda, Federal Reserve Bank of San Francisco

 

Moritz Schularick, University of Bonn

 

Alan Taylor, University of California at Davis and NBER

 

Sovereigns versus Banks: Credit, Crises, and Consequences

 

 

 

Discussants:     Michael D. Bordo, Rutgers University and NBER

 

                        Linda S. Goldberg, Federal Reserve Bank of New York and NBER

 

 

11:30 am

Break

 

 

11:45am

Cristina Arellano, Federal Reserve Bank of Minneapolis

 

Xavier Mateos-Planas, Queen Mary University of London

 

Jose-Victor Rios-Rull, University of Minnesota and NBER

 

Partial Default

 

 

Discussants:     Emmanuel Farhi, Harvard University and NBER

 

                        Fernando Broner, CREI, Universitat Pompeu Fabra, and Barcelona GSE

 

 

12:45 pm

Lunch

 

 

2:30 pm

Pablo D'Erasmo, University of Maryland

 

Enrique Mendoza, University of Maryland and NBER

 

Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default

 

 

 

Discussants:     Fabrizio Perri, Universita' Bocconi and NBER

 

                        Jesse Schreger, Harvard University

 

 

3:30 pm

Break

 

 

3:45 pm

Mark Aguiar, Princeton University

Manuel Amador, Federal Reserve Bank of Minneapolis

Emmanuel Farhi, Harvard University and NBER

Gita Gopinath, Harvard University and NBER

Coordination and Crisis in Monetary Unions

Discussants:     Enrique G. Mendoza, University of Pennsylvania and NBER

                        Cristina Arellano, Federal Reserve Bank of Minneapolis

4:45 pm

Break

5:00pm

Jack Favilukis, London School of Economics

 

Sydney Ludvigson, New York University and NBER

 

Stijn Van Nieuwerburgh, New York University and NBER

 

Foreign Ownership of US Safe Assets: Good or Bad?

 

 

 

Discussants:     Mark A. Aguiar, Princeton University and NBER

 

                        Gita Gopinath, Harvard University and NBER

 

 

6:00 pm

Adjourn

 

 

6:45 pm

Group dinner

 

Sandrine's Bistro
8 Holyoke Street
Cambridge, MA 02138

 

 

9:15 pm

Vans from Sandrine’s to the Sonesta

 

 

October 19:

 

 

 

8:15 and 8:30 am

Shuttle buses depart from the Royal Sonesta Hotrel

 

 

8:30 am

Coffee and pastries

 

 

9:00am

Carmen Reinhart, Harvard University and NBER

 

Vincent Reinhart, American Enterprise Institute

 

Kenneth Rogoff, Harvard University and NBER

 

Debt Hangovers

 

 

 

Discussants:     Alan Taylor, University of California at Davis and NBER

 

                       


10:00 am


Break

 

 

10:15am

Soner Baskaya, Central Bank of the Republic of Turkey

 

Sebnem Kalemli-Ozcan, University of Maryland and NBER

 

Are Government Bonds Bad for Banks? Evidence from a Rare Fiscal Shock

 

 

 

Discussants      Atif R. Mian, Princeton University and NBER

 

                        Stijn Claessens, International Monetary Fund


11:15 am


Break

11:30am

Graciela Kaminsky, George Washington University and NBER

 

Pablo Vega-Garcia, George Washington University

 

Varieties of Sovereign Crises: Latin America, 1820-1931

 

 

 

Discussants:     Christoph S. Trebesch, University of Munich

 

                        Jeffrey A. Frankel, Harvard University and NBER

 

 

12:30pm

Fabrizio Balassone, Bank of Italy

 

Maura Francese, Bank of Italy

 

Angelo Pace, Bank of Italy

 

Economic Performance in A High Debt Country: the Case of Italy

 

 

 

Discussants:     Alberto F. Alesina, Harvard University and NBER

 

                        Francesco Giavazzi, Universita' L.Bocconi and NBER

 

 

1:30 pm

Adjourn